Class D Certificate Rate means, with respect to any Interest Accrual Period, the lesser of (i) the applicable LIBOR plus .70% per annum or (ii) the applicable Net Receivables Rate.
Class D Certificate Rate means, for any Interest Period with respect to the Class D Certificates, the rate designated in the letter agreement, dated as of August 21, 1997, between the Transferor and the Trustee; provided, in no event shall the Class D Certificate Rate exceed LIBOR plus 1.00% per annum.
Class D Certificate Rate means, with respect to any Distribution Date, one-twelfth of (x) the REMIC II Remittance Rate minus (y) 0.02%.
Examples of Class D Certificate Rate in a sentence
Each Class D Certificate represents the right to receive the lesser of (i) interest at the rate of ____% per annum above LIBOR determined on __________, 200_ for the period from __________, 200_ up to but excluding __________, 200_, and at a rate equal to ____% per annum above LIBOR determined on the related LIBOR Determination Date for each Interest Accrual Period thereafter or (ii) the applicable Net Receivables Rate (such rate, as in effect from time to time, the "Class D Certificate Rate").
More Definitions of Class D Certificate Rate
Class D Certificate Rate means zero; provided that in connection with any sale, pledge or other transfer of all or part of the Class D Certificates, upon satisfying the Rating Agency Condition, the Transferor may designate an interest rate for the Class D Certificates.
Class D Certificate Rate means, with respect to any Interest Accrual Period, the lesser of (i) the applicable LIBOR plus __% per annum or (ii) the applicable Net Receivables Rate.
Class D Certificate Rate means, for any Interest Period, the rate designated in the letter agreement, dated April 25, 2003, between the Transferor and the Trustee; provided, however, that, for the first Interest Period, the Class D Certificate Rate shall equal the per annum rate designated in such letter agreement in excess of the weighted average of the LIBORs determined on the April 23, 2003 and May 13, 2003 LIBOR Determination Dates, weighted based upon the number of days in the period from and including the Closing Date to but excluding May 15, 2003 and in the period from and including May 15, 2003 to but excluding June 16, 2003, respectively; and, provided further, that the Class D Certificate Rate shall in no event exceed LIBOR plus 6.00% per annum.
Class D Certificate Rate means, with respect to any Interest ------------------------ Period, the rate designated in the letter agreement, dated [____________], 2000, between the Transferor and the Trustee; provided, however, that the Class D -------- ------- Certificate Rate shall in no event exceed LIBOR plus [____]% per annum.
Class D Certificate Rate means 0% per annum.
Class D Certificate Rate means, from the Closing Date through [_________ __, 1999], from [___________ __, 1999], through [___________ __, 1999], and with respect to any Interest Period thereafter, a per annum rate equal to ___% per annum in excess of the Class C Certificate Rate.
Class D Certificate Rate means, from the Closing Date through December 14, 1997, from December 15, 1997 through January 14, 1998, and with respect to any Interest Period thereafter, a per annum rate equal to .25% per annum in excess of the Class C Certificate Rate.